Larry Strauss, ESQ, CPA & Associates, Inc.
Significant Bankruptcy Positions
Long Rap Inc. 2015 – Present
Industry: Clothing Retailer
Assisted Trustee with tax filings for stores covering 5 states
Clark Turner Homes 2015 – Present
Industry: Home Builder
Assisted Trustees in preference collection as well as eliminating IRS proof of claim in excess of $4 million through dealing with the IRS audit function as well as filed tax returns and provided Trustees with information vital to negotiating settlements.
Peoples Community Health 2015 – 2016
Industry: Low Income Health Clinics
Assisted Debtor in preparing schedules for filing bankruptcy as well as efforts to collect receivables and outstanding grants. Attempted to reopen clinics for benefit of low income clients who had no other source of medical attention. In many cases they were being provided with Aids medication which extended their life.
Avitech, LLC 2013
Industry: Egg inoculation equipment manufacturer
Assisted Trustee in management and marketing of Company assets. Prepared all tax filings including those required for foreign investors. Efforts culminated in a sale of the Company for potentially over $6,000,000.
Commerce, Inc. 2013
Industry: Fertilizer wholesaler
Prepared tax returns for entity with complicated tax structure. Assisted Trustee in interrogatories of personnel and analysis of information to assist in litigation of preference actions.
Senate Acceptance Corp 2013
Industry: Insurance and Finance
Assisted Trustee in unwinding $65,000,000 layered debt situation where shareholder procured new debt from new investors to pay high interest payments of prior individual and institutional lenders. Prepared tax returns and, monthly reports and other tax requirements. Assisted in setting up Liquidating Trust to continue litigating additional avenues of recovery. Served as expert witness against prior professionals for lack of professional ethics and conflict issues.
Nova Blue Inc and Nova Blue Reprographics Inc 2011
Appointed as Chapter 11 Trustee/ Examiner to analyze viability of Company as precursor to liquidation. After issuing report of potential restructuring, spent 4 months reorganizing culminating in sale contract and asset liquidation for over $500,000, approximately 5 times the liquidation value.
Classic Sleep Products, Inc., 2010
Industry: High end mattress manufacturer
Appointed as Examiner by Court to evaluate sale of business to insider and whether DIP has fulfilled his fiduciary responsibility.
Kodiak Construction and Utility, 2009
Industry: Utility Company
Appointed as Special Examiner by Court to examine Disclosure statement and evaluate its completeness and accuracy.
US Protect Services, 2008
Assisted Trustee in payroll filing for over 2,000 employees and prepared tax filings for over 20 states. Analyzed documents and successfully identified potential tax recoveries from the IRS in excess of $500,000.
Stempler Nissan, 2008
Industry: Automobile Dealership
Assisted debtor in bankruptcy planning and completion of Statement of Affairs and other bankruptcy schedules. Assisted debtor with tax planning for pre and post bankruptcy.
Regency Homes 2002 – 2008
Industry: Home builder
Assisted Trustee in all tax filings and other litigation support issues. Prepared accounting and Consolidated Corporate tax filings and Limited Partnership tax filings for this $100 million company.
Colleen Inc 2006 – 2008
Industry: Glass Company
Assisted Trustee in all tax filings and other litigation support services. Provided tax planning for AMT tax and Net Operating Loss analysis for this multi-million dollar company which had been a provider of glass bottles for almost a century.
Strategic Partners 2005 – Present
Industry: Computer Leasing
Assisted Trustee in litigation against owner for Fraudulent activities. Provided tax and accounting services and preparation of Monthly reports for Bankruptcy Court.
Finglass Construction Company 2007 – Present
Provided insolvency analysis and prepared preliminary report for trial as an expert witness. Provided accounting and tax services.
ELite Center 2006 – Present
Chapter 11 case where we prepared material for sale of business along with monthly operating reports. Successfully marketed and and found buyer for weight loss center. Provided tax and accounting services.
Railworks 2004 – Present
Assisted in implementation of Liquidating Trust and compliance for the benefit of almost 6,000 creditor/beneficiaries. Prepared tax disclosures, filings and maintained data base information.
Information Network, Inc 2007 – Present
Industry: Government Contracting of Information Systems
Provided litigation support analyzing government award applications and working to maximize estate asset recovery. Reconstructed payroll information and prepared all necessary Federal and State tax filings
Dipaquale 2005- 2008
Assisted attorneys in discovery process attempting to clarify fraudulent transfers and/or undervalued assets.
CMP, Inc. 2007
Industry: Oil and gas
Testified as expert witness in regards to insolvency of company and provided other litigation support services.
Various additional cases including Maryland, Virginia and the District of Columbia
Liberty Roofing, Inc. 2015
G Street Fabric, Inc. 2015
Bond Transfer Company, Inc. 2009- 2014
Wesleyann Kim, Inc. 2009 – 2010
Celebration Party Supplies, LLC 2010
Graphic Impressions – Receivership 2009 – 2010
Ulrich Enterprises 2010
American Site Improvement 2010
Changes Enterprises – Receivership 2010
F&F Auto – 2010
New Horizon Van Lines – 2010
Orion Holdings – 2004 – 2008
Eastwood Professional Building 2007-2008
Attman Bankruptcy Estate 2007- Present
Politzer Bankruptcy Estate 2004- Present
Shilcraft, Inc. 2008 – Present
Van Leer Bankruptcy Committee 2008 – Present
Kids in His Care, Inc 2005 – Present
Fresh Marketing, Inc. 2007- 2008
Mastercraft & Subsidiaries 2007- Present
RB Brown & Associates, Inc. 2004- Present
PRS Insurance Group 2004- Present
CJ Fisher 2008
Business Computer Graphics 2005- Present
Marlin Graphics 2005- Present
Tam Nguyen 2005-2008
Saraiya Swati 2005-2007
Bluemount Nurseries 2005- Present
Moore Automotive 2006-2008
Ashton Rhoades Agency, Inc. 2007
Colorquest Litho, Inc. 2006- Present
Servint Corp Liquidating Trust 2005-2007
John Henry Schenk 2007
Alpha of Maryland 2007
Longridge LLC 2005 – 2007
Jollar, Inc. 2003-2007
Ace Nursing 2007
Science Weekly 2006 – 2007
JET, Inc. 2005-2008
Mcgregor Printing Corp 2005 – 2008
Environmental recycling 2005- Present
Arriba Contracting Company, Inc. 2007-2008
Mason Paper Bankruptcy Estate 2005 – 2008
Elway, Inc.2007 – 2008
Inner City Management 2007-2008
Agari Mediaware 2003-2007
Reisterstown 24 Hour Veterinary Complex 2002 – 2010
CP Sung 2002-2006
Barley and Hopps 2002-2006
Phyamerica 2003 – 2010
Spectra Press, Inc 2004-2008
Key Sales & Leasing, Inc. 2003 – 2007
Wareonearth Communications Liquidating Trust 2005 – 2007
Dulles Networking Liquidating Trust 2005- 2007
Fulcrum Technologies, Inc. 2002-2006
PJ Mcevoy, Inc. 2004